This article contains content that is written like an advertisement .(March 2020) |
Type | Private |
---|---|
Industry | Private equity |
Predecessor | Sovereign Global |
Founded | 2006 |
Founder | Richard Chandler |
Headquarters | , |
Products | Investments, Healthcare, Private equity, Public equity |
Number of employees | 55 |
Website | www |
The Clermont Group is a Singapore-based conglomerate that includes both operational businesses and financial investments. Headed by founder and chairman, Richard Chandler, Clermont was established in 2006 following the demerger of the (US$6 billion NAV) investment portfolio Chandler held with his brother, Christopher, which had operated as Sovereign Global since 1986. [1]
Richard Chandler has a long history of advocating for corporate governance, and has compiled his corporate governance principles in his publication, Goodness of Business. [2]
The Clermont Group has two divisions – Clermont Holdings and Clermont Capital.
Clermont Holdings builds operating businesses in healthcare, financial services and technology.
Clermont Capital seeks opportunities in public and private equity markets, combining value investing with identifying economic cycles, often investing in volatile markets.
In 2018, the Clermont Group opened a new office in Ho Chi Minh City. The chairman and Founder of the Clermont Group, Richard Chandler, met with the Deputy Prime Minister of Vietnam in December 2018 to discuss areas for co-operation in developing financial services businesses within the country. [3]
Clermont Holdings includes wholly owned subsidiaries and significant minority holdings.
Hoàn Mỹ Medical Corporation is the largest private healthcare group in Vietnam, comprising 14 hospitals and six clinics, and was acquired by Clermont in 2013. [4] [5] Substantial investment, extensive training, enhanced operational procedures and the acquisition of leading-edge medical equipment has since transformed Hoàn Mỹ.[ citation needed ]
Older facilities have been upgraded, new wings have been built and clinical standards have been raised. Hoàn Mỹ's hospitals are now recognized as among the best in their respective provinces. Further hospitals have been acquired and integrated into the group. [6] [7]
Operating procedures have been standardized to ensure consistent service and treatment quality throughout the network. The group has been recognized by the industry and Government for its achievements. Hoàn Mỹ was awarded 'Vietnam Hospital of the Year' by Frost & Sullivan in 2016 and 2017 [8] and received ‘Third Class Labour Medal’ from the President of Vietnam in 2017. [9] [10] [11]
The Medical City is a network comprising a healthcare complex, four hospitals and 40 clinics in Manila and in other parts of the Philippines.
The Medical City serves 50,000 inpatients and 500,000 outpatients a year, with a medical staff which includes 1,500 doctors. Its healthcare complex has linked twin towers which house 800 beds and 280 doctors’ clinics. [12]
The Clermont Group has held a significant minority investment in The Medical City since 2013. [13]
magniX develops and manufactures power-dense, energy efficient electric motors, and is working towards the goal of all-electric aircraft. In 2017, the company launched the magni5, a prototype electric motor capable of creating over five kilowatts of power per kilogram of weight, a ratio that makes it viable for flight, with a max rating of 3,000 rpm. It creates 350-horsepower while weighing just 110 pounds. [14] [15] [16]
magniX is headquartered near Seattle, USA, and has engineering facilities in Seattle and Australia. magniX has developed proprietary technology in the form of a powerful electrical propulsion system designed for light aircraft. The company plans to unveil a full electric Cessna 208 Caravan by summer 2019. [17] The company flight tested an all electric Cessna 208 in May 2020.[ citation needed ]
Clermont Capital allocates capital globally to investments in both public and private equities, and has been an active investor in global markets since 1986. [18]
Clermont Capital is an investor in emerging markets. Its predecessor, Sovereign Global, was among the first portfolio investors when Brazil and Russia opened to foreign investment in the 1990s. Sovereign was notable for its corporate governance campaigns promoting greater corporate transparency and minority shareholder rights in Russia and South Korea. [19] One of its largest investments was investing into Japanese bank stocks in the early 2000s. It has also owned stakes in Indian businesses such as Housing Development Finance Corp., India's largest mortgage lender, as well as ICICI Bank and UTI Bank. [20]
In 2017, Clermont invested in ICICI Lombard, along with other investors, Warburg Pincus and IIFL Asset Management. It also invested in Indiabulls Pharmaceuticals, taking a 9% stake. [21] [22]
OakNorth is a young UK bank that lends between £500,000 to £30 million to businesses and property developers. The bank gained regulatory approval in early 2015. [23] The bank's fintech platform works by automating the use of the kind of credit analysis normally used for larger corporate loans. [24] [25]
In October 2017, OakNorth announced that it had secured investments from The Clermont Group and others which valued the bank in excess of $1bn. The following month, it was announced that GIC, a Singaporean sovereign wealth fund, had also purchased a c.10% stake. The combination of the two investments made it the largest UK fintech raise. [26] [27]
In February 2019, it was announced OakNorth has raised $440 million from Japan's SoftBank Vision Fund and the Clermont Group. The financing will be used to expand the bank's SME loan origination and credit capabilities in the US. [28] [29] [30]
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with registered office in Vadodara. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
Sun Life Financial Inc. is a Canadian financial services company. It is primarily known as a life insurance company.
Ping An Insurance known also as Ping An of China, full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese holding conglomerate whose subsidiaries provide insurance, banking, asset management, financial, healthcare services. The company was founded in 1988 and is headquartered in Shenzhen. "Ping An" literally means "safe and well".
An institutional investor is an entity which pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked companies, insurers, pension funds, sovereign wealth funds, charities, hedge funds, REITs, investment advisors, endowments, and mutual funds. Operating companies which invest excess capital in these types of assets may also be included in the term. Activist institutional investors may also influence corporate governance by exercising voting rights in their investments. In 2019, the world's top 500 asset managers collectively managed $104.4 trillion in Assets under Management (AuM).
GIC Private Limited is a Singaporean sovereign wealth fund that manages the country's foreign reserves. Established by the Government of Singapore in 1981 as the Government of Singapore Investment Corporation, of which "GIC" is derived from as an acronym, its mission is to preserve and enhance the international purchasing power of the reserves, with the aim to achieve good long-term returns above global inflation over the investment time horizon of 20 years.
Videocon Industries Limited is an Indian multinational conglomerate, headquartered in Mumbai. The company was founded in 1979, by Venugopal Dhoot. The group had 17 manufacturing sites in India and plants in Mainland China, Poland, Italy and Mexico. It was the third largest picture tube manufacturer in the world valued at US$5.5 billion.
Corporate venture capital (CVC) is the investment of corporate funds directly in external startup companies. CVC is defined by the Business Dictionary as the "practice where a large firm takes an equity stake in a small but innovative or specialist firm, to which it may also provide management and marketing expertise; the objective is to gain a specific competitive advantage." Examples of CVCs include GV and Intel Capital.
Nguyễn Xuân Minh is the Executive Chairman of Techcom Securities, a subsidiary of Techcombank – a leading joint stock bank in Vietnam. Techcom Securities (TCBS) is the leading Wealthtech company and is the largest securities company in Vietnam in terms of profit and brand value. TCBS helps domestic companies raise in aggregate more than U$3 billion per year via Debt and Equity Capital Markets in Vietnam. It also has more than 80% market share in trading of local listed corporate bonds in Vietnam. Consecutively, Techcom Securities was named the Best Bond House in Vietnam for 2007–2016, 2008–2017 and 2009–2018 by Alpha Southeast Asia and the Best Debt Capital Markets House for 2017, 2018 and 2019 in Vietnam by FinanceAsia.
Richard Fred Chandler is a New Zealand-born billionaire businessman. He is chairman of the Clermont Group, a Singapore-based conglomerate. Chandler "has a reputation for buying struggling companies and successfully rebuilding them," according to Australian Broadcasting Corporation News.
OurCrowd is an online global venture investing platform that empowers institutions and individual accredited investors to invest and engage in emerging technology companies at an early stage while still privately held. Based in Jerusalem, the company launched in February 2013, and has since opened overseas branches in the United States, the United Kingdom, Canada, Australia, Spain, Singapore, Brazil, and the UAE.
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